Fly on the wall
Harish Gupta
How to Make Rs 2 lakh cr. Bullet Train Project Viable!
The government’s flagship high-speed rail dream is inching forward, but a big question refuses to go away: how to make the bullet train financially viable. The ambitious Mumbai–Ahmedabad High-Speed Rail Corridor — India’s first attempt at a 320 kmph rail network — was once projected to cost about ₹90,000 crore. Today, estimates suggest the bill could touch nearly ₹2 lakh crore, turning what was envisioned as a technological leap into a serious financial puzzle.
Delays
in land acquisition, the disruption caused by the COVID-19 pandemic,
and rising construction costs have all pushed up the price of the
508-km corridor linking Mumbai and Ahmedabad. A major chunk of the
original funding came from the Japan International Cooperation
Agency, which agreed to finance about 81% of the initial project cost
through a long-term soft loan. However, Tokyo has made it clear that
it will not fund cost overruns, leaving New Delhi to absorb the
ballooning expense.
That has triggered intense internal discussions within the government on how to make the project economically sustainable. Critics in the opposition have already begun branding it a potential “white elephant,” arguing that ticket prices may end up being beyond the reach of ordinary passengers. Supporters counter that the debate is premature. The corridor is expected to run about 35 trains daily and eventually carry nearly 1.6 crore passengers annually, dramatically cutting travel time between the two major commercial hubs.
The first operational stretch between Surat and Bilimora is expected to see a trial run in August 2027. But the stakes go beyond just one project. Prime Minister Narendra Modi has spoken of expanding bullet train corridors across the country. The immediate challenge before policymakers is clear: if India’s first bullet train struggles to prove viable, how will others ever take off? A core group is breaking its head over how to make the Bullet train journey viable.
The wait gets longer
Nitin Nabin took over as BJP chief on January 20, 2026 and travelled extensively across more than a dozen states and campaigned actively during the Assembly polls as well. But his wait gets longer and longer to get his team even five months after he took over. It is also clear that he will continue in office until the next Lok Sabha elections as his three year term ends in January 2029.
One of the reasons for delay is largely because the new team has to reflect a balance between continuity and generational change. The leadership is considering introducing an informal upper age limit of 60 years bracket for organisational office-bearers to promote younger faces within the party structure. Among those likely to retain influential positions are Sunil Bansal and Vinod Tawde, both currently general secretaries. B. L. Santosh is also expected to continue for some more time as organisation general secretary.
The name of Ram Madhav was doing the rounds earlier. But no one is sure about his role. There are indications that party general secretaries such as Radha Mohan Das Agrawal, Tarun Chugh, Dushyant Gautam and Arun Singh may get other responsibilities. But all this has been in limbo and Nitin Nabin is keeping his fingers crossed.
Yogi Convoy Raises Eyebrows
Political circles were left intrigued over how Uttar Pradesh Chief Minister Yogi Adityanath appeared to sidestep Prime Minister Narendra Modi’s repeated emphasis on austerity and minimalism in public life. During his recent visit to Delhi, Yogi was seen moving with a cavalcade of more than a dozen vehicles, prompting murmurs even within political corridors.
There is little dispute that the UP Chief Minister faces serious security threats from extremist elements and is entitled to Z-plus category protection. Security agencies, officials insist, determine the scale of such arrangements. Yet, comparisons inevitably surfaced because the Prime Minister himself is often seen traveling in the Capital with a far leaner convoy.
The optics, therefore, became difficult to ignore. In a political climate where symbolism matters as much as substance, critics and even some admirers wondered whether the message of restraint could have been better reflected on the road as well. For many observers, it was less about security protocol and more about political messaging.
Keeping out of public glare
Even as the Indian economy navigates a difficult phase marked by stubborn inflation, pressure on the rupee and slowing consumption, Finance Minister Nirmala Sitharaman has noticeably withdrawn from the public spotlight. Unlike many of her predecessors who preferred aggressive public messaging during economic turbulence, Sitharaman has chosen silence and caution.
Critics argue that her political standing and public approval have come under increasing scrutiny in recent months. Rising prices, stress among small businesses and concerns over weakening household savings have provided the Opposition enough ammunition to target the Finance Ministry.
Yet, her supporters insist that the broader macroeconomic picture remains stable compared to many global economies battling similar headwinds. They point to India’s growth trajectory, strong tax collections, infrastructure push and fiscal discipline remain on a relatively firm footing despite global uncertainty. Sitharaman, however, has never been a politician known for grandstanding. Having held the finance portfolio for nearly eight years — a rare feat in itself — she has developed a reputation for speaking only when necessary and avoiding needless controversies. Unlike several senior ministers, she rarely courts media attention, grants very few interviews outside the Union Budget period and prefers institutional communication over personal projection.
Sources in government circles say the Prime Minister’s Office closely monitors economic messaging, leaving Sitharaman comfortable with allowing “South Block to do the talking.” Now, as economic anxieties deepen, the Finance Minister appears to have retreated even further into a carefully guarded shell.